RBI sold $6 billion in May to defend oil-hit rupee, data shows

RBI sold a net $6.1 billion in May to support the rupee against oil price pressure.

Central bank purchased $22.2 billion and sold $28.3 billion in the spot market.

Net dollar sales were $6.1 billion in May, compared to $8.9 billion in April.

Data was disclosed in the RBI's monthly bulletin for May.